In yesterday’s Wall Street session, Alphabet Inc (NASDAQ:GOOG) shares traded at $183.35, up 2.21% from the previous session.
GOOG stock price is now 1.96% away from the 50-day moving average and 20.04% away from the 200-day moving average. The market capitalization of the company currently stands at $2265.84B.
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With the price target enhanced from $200 to $220, TD Cowen maintained Buy rating for Alphabet Inc (NASDAQ: GOOG). On June 28, 2024, Rosenblatt Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $181, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Pichai Sundar, Chief Executive Officer sold 22,500 shares of the company’s stock on Jul 17 ’24. The stock was sold for $4,113,803 at an average price of $182.84. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,204,885 shares in the company, valued at $404.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, Director HENNESSY JOHN L sold 1,500 shares of the business’s stock. A total of $278,775 was realized by selling the stock at an average price of $185.85. This leaves the insider owning 30,824 shares of the company worth $5.65 million. A total of 57.74% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $118.68 and a high of $193.31. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.15, and a quick ratio of 2.15. According to the stock market information, the enterprise value for the company is $2186125246464, which is based on a 28.12 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for GOOG is $180.0728 and a two-hundred day moving average price translates $152.98676 for the stock.
The latest earnings results from Alphabet Inc (NASDAQ: GOOG) was released for 2024-03-31. The net profit margin was 25.92% and return on equity was 29.76% for GOOG. The company reported revenue of $80.54 billion for the quarter, compared to $69.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.41 percent.
